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Context matters: the importance of time and place in economic narratives

In: Culture and Economic Action

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  • Virgil Henry Storr

Abstract

“Context matters: the importance of time and place in economic narratives” attempts to construct a cultural economics consistent with the interpretive social science of Weber, Mises and Hayek. Beginning with a description of the Weber–Austrian approach, the chapter moves very quickly to a discussion of why the study of culture is important to any attempt to understand economic phenomena and how we might bring the study of culture into our understanding of economics. As I conclude, ours is a science of meanings and thus a focus on culture must be at the fore of our analysis.

Suggested Citation

  • Virgil Henry Storr, 2015. "Context matters: the importance of time and place in economic narratives," Chapters, in: Laura E. Grube & Virgil Henry Storr (ed.), Culture and Economic Action, chapter 8, pages 180-204, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14354_8
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    References listed on IDEAS

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    1. Peter J. Boettke (ed.), 1994. "The Elgar Companion to Austrian Economics," Books, Edward Elgar Publishing, number 53.
    2. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    3. North, Douglass C, 1994. "Economic Performance through Time," American Economic Review, American Economic Association, vol. 84(3), pages 359-368, June.
    4. Storr Virgil Henry, 2002. "All We've learnt: Colonial Teachings and Caribean Underdevelopment," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(4), pages 1-29, December.
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